Renaissance Technologies LLC Buys 4,000 Shares of Direxion Daily Financial Bull 3X Shares $FAS

Renaissance Technologies LLC increased its position in Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) by 18.9% in the 1st quarter, HoldingsChannel reports. The fund owned 25,200 shares of the real estate investment trust’s stock after purchasing an additional 4,000 shares during the period. Renaissance Technologies LLC’s holdings in Direxion Daily Financial Bull 3X Shares were worth $2,986,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd raised its position in shares of Direxion Daily Financial Bull 3X Shares by 5,950.9% in the third quarter. Qube Research & Technologies Ltd now owns 174,447 shares of the real estate investment trust’s stock valued at $31,034,000 after purchasing an additional 171,564 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Direxion Daily Financial Bull 3X Shares in the 3rd quarter valued at approximately $6,604,000. Virtu Financial LLC purchased a new position in Direxion Daily Financial Bull 3X Shares in the 3rd quarter valued at approximately $4,392,000. Quadrature Capital Ltd lifted its position in shares of Direxion Daily Financial Bull 3X Shares by 192.0% during the fourth quarter. Quadrature Capital Ltd now owns 36,808 shares of the real estate investment trust’s stock worth $6,196,000 after acquiring an additional 24,203 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in Direxion Daily Financial Bull 3X Shares during the 3rd quarter worth about $3,416,000. 3.51% of the stock is currently owned by institutional investors.

Direxion Daily Financial Bull 3X Shares Trading Down 1.0%

Shares of FAS opened at $179.57 on Friday. Direxion Daily Financial Bull 3X Shares has a 12-month low of $106.90 and a 12-month high of $187.25. The company has a market cap of $2.44 billion, a PE ratio of 15.11 and a beta of 2.59. The stock has a 50-day moving average price of $158.00 and a 200-day moving average price of $142.89.

Direxion Daily Financial Bull 3X Shares Profile

Direxion Daily Financial Bull 3x Shares seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index (the Index). The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market. The Fund invests in sectors, such as banks, diversified financial services, real estate investment trust, financial data and systems, asset management and custodian, securities brokerage and services, and consumer lending.